FHWAFinal Rule
Rescinding Preliminary Engineering Project 10-Year Repayment Provision
TransportationFinance & Banking
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Summary
The Federal Highway Administration is canceling a rule that required certain highway construction projects to be paid back over 10 years. This change affects how the government manages funding and repayment timelines for engineering work on federal highway projects.
Key Points
- 1The government is removing a 10-year repayment requirement that applied to preliminary engineering projects on highways
- 2This change could affect how state transportation departments plan and budget for road construction projects
- 3The rule was originally established in 2013 but is now being eliminated as of May 2025
- 4Project sponsors and contractors may face different repayment schedules or financial requirements going forward
- 5States should review their existing agreements to understand how this rescission impacts their current and future highway projects
Key Dates
Published
May 30, 2025
This summary is for informational purposes only. It may not capture all nuances of the regulation. Always refer to the official text for authoritative information.
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